126 E 16th Street #PH5A
MLS® #RLS11010109
Listing by Compass
1
Bedroom
2
Baths
N/A
Sq. Ft.
1920
Year Built
Quick Summary
Property Highlights
- Outdoor Space: Terrace, Rooftop
- Character: Pre-war building (1920)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Sep 18, 2024 | $1,900,000 | - |
| Price Reduced | Jan 11, 2025 | $1,750,000 | -7.9% |
| Currently | May 29, 2026 | $1,650,000 | -5.7% |
Description
Discover your private urban escape at Penthouse 5A, nestled just off Irving Place in the heart of Gramercy Park and Union Square. This spacious one-bedroom (convertible two-bedroom), two-bathroom home is designed for flexibility and ease. Whether you prefer the privacy of a second bedroom/home office or the openness of a dining area, the adaptable floor plan caters to your needs. The expansive living and dining area features three north-facing windows, custom millwork, and a rare wood-burning fireplace—ideal for cozy evenings in the heart of the city. The separate but open kitchen is a chef's delight, with top-of-the-line appliances, ample countertops, and abundant storage. Upstairs, you'll find a sun-drenched primary bedroom with an en-suite bathroom, a walk-in closet, and direct access to a 414-square-foot private terrace/roofdeck. This beautifully landscaped, north-facing terrace offers complete privacy, providing the perfect space for relaxation or entertaining guests with ease. The home also features an in-unit washer dryer, through-wall AC, and hardwood floors throughout. Guarantors, gifts, co-purchasing, subletting and pets all allowed on a case-by-case basis with board approval. Ideally located, just steps from Gramercy Park and Union Square, this home puts you at the center of the city's finest offerings of shopping and dining such as Casa Mono, Friend of a Farmer, and Irving Farm Coffee Roasters, or explore the vibrant Union Square Greenmarket. Being near Union Square offers you access to the 4,5,6,L,N,R,W & Q trains.
Features & Amenities
Interior Features
Exterior Features
Appliances
Building Information
Financial Details
About Gramercy Park
View All Gramercy Park ListingsGramercy Park is one of New York City’s most storied and architecturally distinctive neighborhoods, centered around the only private park in Manhattan. The area exudes old-world charm with its gas-lit streets and impeccably preserved 19th-century architecture. While the park itself is private, the surrounding real estate offers a mix of historic brownstones, elegant pre-war cooperatives, and boutique new developments that cater to those seeking a low-traffic urban retreat.
Gramercy Park Live Market Data
View NeighborhoodActive Listings
184
Median Asking Price
$1.27M
Median $/Sqft
$1,766
Avg Days on Market
N/A
New This Week
10
Price Reduced
29%
Sold (30 Days)
19
Median Sale Price
$1.20M
Live data from RLS at REBNY • Updated 5/29/26, 10:44 AM EST
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Location
126 E 16th Street #PH5A, Gramercy Park, New York County
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed monthly maintenance are $2,566 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.
This property has 1 bedroom and 2 full bathrooms.
According to MLS records, the building was constructed in 1920, making it approximately 106 years old.
This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.
Pet policy requires confirmation with the listing broker.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Compass - Pacey Barron
Listing Contact: (917) 628-8145
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 5/29/2026 at 2:44 PM UTC